Limitation of the financial accounting, accounting, Basic Statistics

Limitation of the Financial Accounting.

There much limitation can be considered in case of the Financial Accounting but here we are discussing the main two limitations

 It records only financial transaction, it is limited to the financial transaction only, and for example other things which are not having any money value are not recorded in the books of accounts.

 Estimation Limitation: Accounting doesn’t produce the exact result due to sometime few transaction contains the estimation for example Depreciation on estimated life of the assets and bad debts provisions etc. 

Unique solution in accounting

Posted Date: 3/27/2012 5:44:25 AM | Location : United States







Related Discussions:- Limitation of the financial accounting, accounting, Assignment Help, Ask Question on Limitation of the financial accounting, accounting, Get Answer, Expert's Help, Limitation of the financial accounting, accounting Discussions

Write discussion on Limitation of the financial accounting, accounting
Your posts are moderated
Related Questions
2. Two disks, each of radius 10.0 cm, are charged so that one has a charge of +10.0 nC and the other has a charge of -10.0 nC. The disks are then placed with their flat faces facin

Mode Mode, M is the value that has the largest number of occurrence or frequency in a data set, for instance, given the following data:  11 15 16 12 15 19 17 15 we can se

state the condition followed by dimple truss.

Federal income tax Another part of paycheck accounting involves the staff's got earnings tax. A company is necessary to hold the got earnings tax that and personnel are expecte


Under this methods the enumerators are appointed and given training. They are provided with schedules containing relevant questions. These enumerators go to respondents with the

. From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) margi

In a mathematics examination the average grade was 82 and the standard deviation was 5. all students with grade from 88 to 94 received grade of B. if the grade are approximately no

I) Introduction 1) Topic (s) 2) Survey Question 3) Type of Sampling 4) Why? II) Calculations 1) Data Analysis (Charts, sample mean, sample standard deviation) 2) Probability 3) E

What is a sole proprietorship? A sole proprietorship is a form of business organization that is owned by one person. The owner is referred to as a sole proprietor. In accoun